Does Anybody Know the Status of the "Marketplace Fairness" Act?Submitted by theanswerto1984... on Thu, 04/25/2013 - 18:48
This is the legislation that would allow state governments to tax their residents' out-of-state Internet purchases. It could raise the price of the items thus purchased by as much as 10%, and would destroy small online businesses by forcing them to maintain sales tax records for as many as 50 different jurisdictions.
I understand that the Senate has "invoked cloture" on this bill, but what does that mean in English? Is this legislation now going to Obama for his signature? Is it going to be attached to the CISPA bill now before the Senate?
In other words, is it too late to stop this - or do we still have a chance?